Lilly rides Mounjaro, Zepbound to better
Release time：2024-05-22 03:20:46 Source：Global Genesis news portal
Rapidly climbing sales of the new obesity drug Zepbound and its counterpart for diabetes, Mounjaro, pushed Eli Lilly to a better-than-expected first-quarter profit.
The drugmaker also hiked its sales and earnings forecast for 2024 beyond Wall Street’s expectations even as it hustles to boost manufacturing and catch up to surging demand for the drugs.
Lilly said it was still dealing with supply issues that also hampered the company in the fourth quarter. Company officials expect that to persist through this year, but they emphasized Tuesday that help was on the way.
They expect significant manufacturing increases to occur, starting in the back half of the year.
CEO David Ricks told analysts Tuesday that Lilly was undergoing “the most ambitious expansion plan in our company’s history.”
Indianapolis-based Eli Lilly and Co. recorded $517 million in sales from Zepbound, which received approval from U.S. regulators last November. Total Mounjaro sales more than tripled to $1.81 billion from $568 million in last year’s quarter.
- Previous：Supreme Court rejects an appeal from a Canadian man once held at Guantanamo
- Next：Mohammad Mokhber: Who is Iran’s acting president?
Related articles
- MPs' fury at 'virtue
- Arkansas lawmakers approve $6.3 billion budget bill as session wraps up
- King Charles and Queen Camilla receive their Coronation Roll
- US airstrike targeting al
- 'Real life' Martha from Baby Reindeer's million
- Lil' Kim's Quiet Storm dance moves helped SAVE woman from drive
- Defender Kelley O'Hara plans to retire from soccer at the end of the NWSL season
- Universities take steps to prevent pro
- Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored
- Chris Hemsworth shows off his chivalrous side as he offers his arm to support Anya Taylor
- David Ortiz is humbled by being honored in New York again; this time for post
- AP Week in Pictures: Asia
- Displaced Gazans burn solid waste for cooking as fuel, shrubs run out
- A North Dakota man is sentenced to 15 years in connection with shooting at officers
- Tourism boosts China's social, economic development
- China's ecological environment improves steadily in Q1
- Alabama lawmakers vote to create new high school focused on healthcare, science
- The Latest
- Culture festival showcases integration
- Incredible moment paddleboarder has very close encounter with pod of curious orcas off Alaska coast
Random recommendation
- Copyright © 2024 Powered by Lilly rides Mounjaro, Zepbound to better ,Global Genesis news portal sitemap